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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: les96 who wrote (40662)	1/31/2013 10:54:08 PM
From: TheSlowLane	8 Recommendations Read Replies (2) \| Respond to of 48092

we are on the loosing position..... sector is hated by investors and analyst if market goes south we are going with it in the hurry. Bought some puts lately for Seniors (March and April ) but not enough. Maybe should cash some more longs to have some more cash ? Decisions, decisions.. Have a bad feeling about tomorrow ! Yup definitely the time to get out of these gold stocks. Get out of em now and never come back. Ever. You go first...

To: les96 who wrote (40662)	2/1/2013 8:58:05 AM
From: Mike M2	Respond to of 48092

Gold and S&P futures up this morning so we will get some relief today. If the general market declines in a big way there is always the risk of a decline in everything due to the scramble for liquidity. A good case can be made that we are approaching a top in the S&P but we have QE of $45B a month. It is definitely an issue which must be watched closely. We know the central banks respond to any crisis with printing money but the central banks cannot prevent a panic sell off. The FED has probably been tinkering with the markets longer than we know in more ways than we know. For example Greenspan cut rates by surprise between meetings twice in the 1990s with the expected result of a major short term rally. One day the FEd will run out of tricks that is when gold & silver really pay off. I always keep cash on hand for buying in a severe decline.

To: les96 who wrote (40662)	2/1/2013 9:45:21 AM
From: Rarebird	2 Recommendations Respond to of 48092

I never understood the logic of buying puts. Yes, I understand why big players buy them. It's like insurance. But If you don't buy more than you can afford to lose, there is no need of them as long as buy a position you can handle since you know you bought cheap. I don't put more than 100K in any one position. I don't watch CNBC, don't have cable, don't listen to Bloomberg radio or subscribe to any financial publication. And I don't look at my positions all day long. I got more important things to do. Take a vacation. Relax. Get away from the hype.